CON 091 Questions and Answers 100% Pass

CON 091 Questions and Answers 100% Pass The FAR and What it Covers Part of a system established for the codification and publication of uniform policies and procedures for acquisition. *Federal Acquisition Regulation ( primary Doc) *Agency Acquisition Regulations (implement and supplement) * FAr is found in Charpter 1 of Title 48 of CFR What are the Essence of the FAR? *Rules *Polices and Procedures * General Standards * Not a "how to" guide for Acquiring goods and setvices. -sound Business judgment -Framed, or informrd, by rules, policies , and guidelines in the FAR Where can you find the FAR? * * *in print from the GPO or private publishers What agencies are subject to the FAR? The FAR applies to most executive agencies. The FAR does not apply to legislative branch agencies or judicial branch agencies, although agencies in the other branches of government (or otherwise not subject to the FAR) may adopt the FAR as a matter of policy, or promulgate or otherwise be subject to requirements like those in the FAR.The FAR does not directly regulate federal contractors or would-be federal contractors, although such vendors are affected by the application of the FAR's definitions, policies, procedures, and requirements by contracting officers What purchases are subject to the FAR? The FAR covers the acquisition of supplies and services with appropriated funds for most Executives agenice. -FAR 2.101, acquisition -FAR 2.101, the term supplies -FAR 37.101 Services Appropriated Funds Funds paid out of the U.S. Treasury that are charged to an appropriation provided by or Derived from an act of congress {GAO red Book. 4TH ed.} What is the relationship between the FAR and a federal contract? The FAR applies only to federal agencies, while the contract applies to both the agency and the contractor. Therefore, it is the terms in the contract, not those in the FAR that bind the contractor. Why do contracting officers have to comply with the FAR? CO must ensure all requirement of law, executive ordrs, regulation, and all other applicable procedures have been met prior to awarding a contract. CO may bid the Government only to the extent of the authority delegated to them - FAR 1.602-1 How is the information in the FAR arranged? There are 53 parts in the FAR numbered sequentially, each of which covers a separate aspect of acquisition. -most parts are divided into subparts -subpart are then divided into sections -some scetions are divided into subsections What is the DFARS? DoD implementation and supplemention of the FAR. (i) Requirements of law; (ii) DoD-wide policies; (iii) Delegations of FAR authorities; (iv) Deviations from FAR requirements;